Emerging private equity managers in Illinois
Emerging private equity funds in Illinois: first sale in 2021 or later and under $50 million raised, largest first.
Fund
First sale
Raised
Investors
Minimum
Offering
Sterling Capital Partners IV, L.P.
Chicago, ILEmerging
First saleFeb 2025
Raised$49.2M
Investors47
MinimumNone set
Offering506(b)
Shore Search Partners Fund I, L.P.
Chicago, ILEmerging
First saleJun 2024
Raised$49.1M
Investors43
MinimumNone set
Offering506(b)
FPG Ad Astra XIII, LP
Chicago, ILEmerging
First saleFeb 2026
Raised$47.9M
Investors95
Minimum$136K
Offering506(b)
Magnetar Opportunity 2025-2 LP
Evanston, ILEmerging
First saleOct 2025
Raised$42.4M
Investors22
Minimum$5.0M
Offering506(b)
Magnetar Opportunity 2025-4 LP
Evanston, ILEmerging
First saleDec 2025
Raised$41.6M
Investors35
Minimum$5.0M
Offering506(b)
Watermark Strategic Partners, LP
Chicago, ILEmerging
First saleSep 2024
Raised$37.4M
Investors11
Minimum$125K
Offering506(b)
FT Select I LLC
Chicago, ILEmerging
First saleOct 2026
Raised$37.3M
Investors110
MinimumNone set
Offering506(b)
HCM ST, LLC (Series B)
Oak Brook, ILEmerging
First saleAug 2025
Raised$36.2M
Investors11
Minimum$100K
Offering506(b)
GCM Grosvenor Private Equity Partners Feeder III, L.P.
Chicago, ILEmerging
First saleJan 2025
Raised$35.1M
Investors4
MinimumNone set
Offering506(b)
Chicago Pacific Founders Pet Fund - Off Leash Capital, L.P.
Chicago, ILEmerging
First saleNov 2024
Raised$35.0M
Investors11
MinimumNone set
Offering506(b)
GCM Grosvenor Private Equity Partners III, L.P.
Chicago, ILEmerging
First saleJan 2025
Raised$35.0M
Investors55
MinimumNone set
Offering506(b)
SPRIG Equity Fund I, L.P.
Wilmette, ILEmerging
First saleOct 2023
Raised$33.8M
Investors67
MinimumNone set
Offering506(b)
Tasseo Consumer Partners II LP
Chicago, ILEmerging
First saleAug 2025
Raised$31.0M
Investors1
Minimum$500K
Offering506(b)
M2 Libertas Private Equity Fund-of-Funds, L.P.
Chicago, ILEmerging506(c)
First saleFeb 2025
Raised$30.0M
Investors3
Minimum$5.0M
Offering506(c)
Granite Creek Agribusiness I, LP
Chicago, ILEmerging
First saleMay 2025
Raised$29.4M
Investors12
MinimumNone set
Offering506(b)
AHC Real Estate Fund X, LP
Evanston, ILEmerging
First saleMar 2024
Raised$27.0M
Investors52
MinimumNone set
Offering506(b)
Statera Capital Fund II (QP), L.P.
Chicago, ILEmerging
First saleMar 2024
Raised$26.7M
Investors30
MinimumNone set
Offering506(b)
Kerberos Capital Fund III - Feeder LP
Chicago, ILEmerging
First saleJul 2024
Raised$26.4M
Investors11
MinimumNone set
Offering506(b)
AltsABF Tokenized Feeder Fund, L.P.
Chicago, ILEmerging506(c)
First saleOct 2026
Raised$26.0M
Investors1
MinimumNone set
Offering506(c)
RedLock Capital Fund I LP
Chicago, ILEmerging
First saleMar 2026
Raised$24.2M
Investors9
MinimumNone set
Offering506(b)
Thurston Fund III, LP
Chicago, ILEmerging
First saleFeb 2023
Raised$24.1M
Investors48
MinimumNone set
Offering506(b)
Illinois Deep Technology Strategic Venture Fund, L.P.
Chicago, ILEmerging
First saleOct 2024
Raised$24.0M
Investors4
MinimumNone set
Offering506(b)
West Monroe Capital Fund III, LLC
Chicago, ILEmerging
First saleFeb 2024
Raised$23.7M
Investors71
MinimumNone set
Offering506(b)
Transition Equity Partners II, LP
Chicago, ILEmerging506(c)
First saleJun 2026
Raised$21.7M
Investors18
MinimumNone set
Offering506(c)
Open Prairie Rural Opportunities Fund II, LP
Effingham, ILEmerging
First saleApr 2024
Raised$21.6M
Investors27
Minimum$100K
Offering506(b)
Midway Venture Partners Voyager Space
Arlington Heights, ILEmerging
First saleMar 2022
Raised$20.5M
Investors21
Minimum$50K
Offering506(b)
ASP Partners CFO 2026 LP
Chicago, ILEmerging
First saleMar 2026
Raised$20.2M
Investors40
MinimumNone set
Offering506(b)
Venture Core Fund XI (offshore), L.P.
Chicago, ILEmerging
First saleOct 2023
Raised$20.0M
Investors1
MinimumNone set
Offering506(b)
Kerberos Capital Fund III LP
Chicago, ILEmerging
First saleJul 2024
Raised$18.0M
Investors34
MinimumNone set
Offering506(b)
BSC Ventures Fund II, LP
Chicago, ILEmerging
First saleApr 2025
Raised$17.1M
Investors43
MinimumNone set
Offering506(b)
ACP Verify Invesco LLC
Chicago, ILEmerging
First saleMay 2025
Raised$17.0M
Investors11
MinimumNone set
Offering506(b)
Author Equity Capital I, LP
Chicago, ILEmerging
First saleApr 2025
Raised$16.8M
Investors34
Minimum$50K
Offering506(b)
Thurston Fund III (Parallel), LP
Chicago, ILEmerging
First saleMay 2025
Raised$16.2M
Investors5
MinimumNone set
Offering506(b)
DV Energy Special Opportunities Fund I, LP
Chicago, ILEmerging
First saleSep 2025
Raised$15.6M
Investors32
Minimum$100K
Offering506(b)
Magnetar Opportunity 5 LP
Evanston, ILEmerging
First saleJul 2026
Raised$15.3M
Investors4
Minimum$5.0M
Offering506(b)
Peakline Tax-Advantage Private Credit Fund, LP
Chicago, ILEmerging506(c)
First saleFeb 2026
Raised$14.3M
Investors12
MinimumNone set
Offering506(c)
ASP Feeder (Offshore) CFO 2026 Sub Note, L.P.
Chicago, ILEmerging
First saleMar 2026
Raised$14.0M
Investors3
MinimumNone set
Offering506(b)
Dimora Capital Fund I, LP
Oak Brook, ILEmerging
First saleOct 2026
Raised$13.6M
Investors29
MinimumNone set
Offering506(b)
Chicago Pacific Founders Healthcare Real Estate Fund III Feeder, L.P.
Chicago, ILEmerging
First saleJun 2022
Raised$13.5M
Investors4
MinimumNone set
Offering506(b)
RedLock Capital Fund I (Offshore) LP
Chicago, ILEmerging
First saleMar 2026
Raised$12.1M
Investors1
MinimumNone set
Offering506(b)
HCM ST, LLC (Series C)
Oak Brook, ILEmerging
First saleOct 2026
Raised$11.7M
Investors19
Minimum$15K
Offering506(b)
Magnetar Investment APPK LP
Evanston, ILEmerging
First saleFeb 2025
Raised$11.1M
Investors44
Minimum$2K
Offering506(b)
Exposition Ventures Fund I, L.P.
Chicago, ILEmerging
First saleNov 2022
Raised$10.9M
Investors15
MinimumNone set
Offering506(b)
Rehmann Master Fund LLC
Chicago, ILEmerging
First saleJun 2025
Raised$10.9M
Investors75
MinimumNone set
Offering506(b)
Landrock FL Condo Partnership, L.P.
Chicago, ILEmerging
First saleJul 2026
Raised$10.0M
Investors1
MinimumNone set
Offering506(b)
Statera Capital Fund II, L.P.
Chicago, ILEmerging
First saleMar 2024
Raised$9.2M
Investors10
MinimumNone set
Offering506(b)
Grosse Point Search Partners I LP
Evanston, ILEmerging
First saleMay 2025
Raised$8.2M
Investors43
MinimumNone set
Offering506(b)
William Blair MB Investments, L.P. - WD Series
Chicago, ILEmerging
First saleDec 2024
Raised$8.0M
Investors27
MinimumNone set
Offering506(b)
West Monroe Capital Fund III-Parallel A, LLC
Chicago, ILEmerging
First saleFeb 2024
Raised$7.9M
Investors20
MinimumNone set
Offering506(b)
Ambassador's Sword Opportunity Fund, LLC
Oak Brook, ILEmerging
First saleMar 2026
Raised$7.5M
Investors5
Minimum$100K
Offering506(b)
Venture Core Fund XII (Offshore), L.P.
Chicago, ILEmerging
First saleSep 2025
Raised$7.5M
Investors3
MinimumNone set
Offering506(b)
CPF Living Communities IV, LLC
Chicago, ILEmerging
First saleSep 2026
Raised$7.3M
Investors13
MinimumNone set
Offering506(b)
mHUB Spark Fund II, LP
Chicago, ILEmerging506(c)
First saleSep 2024
Raised$7.3M
Investors39
MinimumNone set
Offering506(c)
Farmers Capital Fund LLC
Effinghan, ILEmerging
First saleJan 2025
Raised$6.2M
Investors6
Minimum$100K
Offering506(b)
Bigelow Holdings LLC
Chicago, ILEmerging
First saleApr 2022
Raised$5.2M
Investors34
Minimum$5K
Offering506(b)
4130 Partners Fund I LP
Deerfield, ILEmerging
First saleApr 2026
Raised$5.1M
Investors19
Minimum$100K
Offering506(b)
Meshflow SOL LLC
Chicago, ILEmerging
First saleSep 2025
Raised$5.0M
Investors9
MinimumNone set
Offering506(b)
Meshflow SOL II LLC
Chicago, ILEmerging
First saleSep 2025
Raised$4.6M
Investors0
MinimumNone set
Offering506(b)
Hilane Realty Fund 1 LP
Chicago, ILEmerging
First saleAug 2026
Raised$4.5M
Investors25
Minimum$25K
Offering506(b)
Avathon Noon Investor LLC
Chicago, ILEmerging
First saleAug 2026
Raised$4.4M
Investors37
MinimumNone set
Offering506(b)
Shore Capital Food & Beverage Partners Fund III-A, L.P.
Chicago, ILEmerging
First saleJun 2025
Raised$3.5M
Investors32
MinimumNone set
Offering506(b)
Falcon Global Real Estate Fund LP
Chicago, ILEmerging
First saleNov 2025
Raised$2.5M
Investors3
MinimumNone set
Offering506(b)
Baleo Fund II, LP
Chicago, ILEmerging
First saleSep 2025
Raised$2.1M
Investors9
Minimum$25K
Offering506(b)
Midway Venture Partners Open AI
Arlington Heights, ILEmerging
First saleApr 2024
Raised$1.7M
Investors2
Minimum$50K
Offering506(b)
ArBop LP
Hoffman Estates, ILEmerging
First saleJan 2022
Raised$1.3M
Investors6
Minimum$1.5M
Offering506(b)
CC Opportunities I LLC
Chicago, ILEmerging
First saleOct 2025
Raised$715K
Investors7
Minimum$50K
Offering506(b)
Prime Financial Master Fund LLC
Chicago, ILEmerging
First saleSep 2026
Raised$650K
Investors3
MinimumNone set
Offering506(b)
Bowen Falls Capital, LLC
Chicago, ILEmerging
First saleSep 2025
Raised$500K
Investors1
MinimumNone set
Offering506(b)
LC Ef-I, LP
Chicago, ILEmerging
First saleJul 2026
Raised$420K
Investors10
Minimum$10K
Offering506(b)
Midway Venture Partners Cohere Series
Arlington Heights, ILEmerging
First saleMay 2024
Raised$315K
Investors1
Minimum$50K
Offering506(b)
Black Star Syndicate I, LLC
Chicago, ILEmerging
First saleOct 2026
Raised$250K
Investors4
Minimum$10K
Offering506(b)
GLS Capital Partners Fund III-A, LP
Chicago, ILEmerging
First saleJul 2025
Raised$150K
Investors1
MinimumNone set
Offering506(b)
Browse all private equity funds by state.